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2026-09-16 21:24:11
[HSBC: Dollar May Benefit if Energy Shock Boosts G10 Rate Hike Bets] ⑴ HSBC strategist Maher stated in a report that the dollar could rise if high energy prices support G10 rate hike expectations. ⑵ He indicated that in this scenario, exchange rates should react more strongly to exposure to energy price shocks than to interest rate expectations. ⑶ Maher pointed out that, given this, the US economy's higher energy self-sufficiency and resilience compared to more import-dependent economies like the Eurozone and the UK could benefit the dollar. ⑷ Overall, energy price trends are becoming an important variable in the foreign exchange market. If the shock persists and boosts rate hike bets, the dollar may receive relative support. Future focus will be on the differentiated impact of energy costs on countries' terms of trade and policy expectations.
